Ola signs pact with UP govt to create over 50k entrepreneurs

Taxi aggregator Ola has entered into an agreement with the Uttar Pradesh government to create over 50,000 entrepreneurship opportunities across the state. As per the pact, Ola will work with the state government towards skill development of youth in state and providing entrepreneurship opportunities for 50,000 men and women across the state over the next five years, according to a release.

Ola will also work with the state government to introduce innovative and customised mobility solutions like Ola Auto, Ola Share and Ola Shuttle across the state in the coming months. By bringing more transportation solutions onto its app using technology, Ola is looking to serve citizens across UP giving them instant access to reliable and convenient mobility.

On signing of pact with the taxi-hailing app, Chief Minister Akhilesh Yadav said the state is growing as an economic centre for the country faster than ever before. "The compounded annual growth rate of UP in the last three years has been higher than the national growth rate. Technology and skilling are two major areas we would like to focus on to further accelerate the impact on the state's economy," he said.

Ola's commitment to building mobility for citizens by using cutting edge mobile technology and by enabling entrepreneurship and skilling will be invaluable, he added. "We are extremely delighted to bring them onboard as part of this MoU to skill and create opportunities for over 50,000 youth in the state of Uttar Pradesh," Yadav said.

Ola Chief Operating Officer Pranay Jivrajka said, "We are proud to partner with the UP government. We aim to create more than 50,000 employment and entrepreneurial opportunities in the state by investing in skill development of youth."

Ola has presence across nine major cities in the state that include Lucknow, Kanpur, Agra, Meerut, Aligarh, Allahabad, Saharanpur, Varanasi and Mathura. Currently, over 2,100 vehicles are registered on the Ola platform in the state and it is expected to go up to 20,000 in the next 5 years.